Examples of Subsisting Award in a sentence
Alternatively, the Board, at its absolute discretion, may specify that a Subsisting Award shall only vest, and in the case of a Subsisting Option be exercisable, in part or not at all.
In the event of a demerger, the Board may permit any Subsisting Award to vest, and in the case of a Subsisting Option, it to be exercised for such period as it may determine and at the end of which the Subsisting Option shall lapse.
Background Information Description of Property: Five storey flatted development.
A Subsisting Award (whether a Share Award or an Option) which has not yet Vested shall lapse on the Participant ceasing to be a Director or employee of any Group Company, (so as to hold no office or employment with any Group Company) for any reason unless the Plan Committee shall, prior to such cessation or within six months thereafter, otherwise determine.
For the purpose of any application of the provisions of this Plan following a release of a Subsisting Award and the grant of a New Award all the Rules of this Plan shall apply mutatis mutandis to such New Award subject only to such amendments as the Plan Committee shall consider are necessary or appropriate to reflect the change in identity of the company over whose shares the New Award subsists and similar consequential changes.
Rules: these rules as from time to time amended in accordance with their provisions by the Committee; Subsidiary: a company which is a subsidiary of the Company (within the meaning of section 1159 of the Companies Act) and which is under the Control of the Company; Subsisting Award: an Award to the extent that it has not Vested and has not lapsed; The Hanover: The Hanover Insurance Group, Inc., a corporation organised under the laws of the state of Delaware, USA; The Hanover Committee.
Such New Award is deemed to be equivalent to the Subsisting Award and to have been granted with the terms of this Plan.
The Vesting of a Performance Share Award may (if the Board so determines) be subject to payment by the Participant of an acquisition cost equal to the aggregate nominal value of the Shares subject to such Subsisting Award.
The state’s evidence at bar was insufficient to support a verdict of premeditated murder.
Respondents identified all aspects of current archival practice and theory as being in need of review so as to integrate Indigenous community needs.